CoolSys acquired by Ares Management Corp. fund

CoolSys was acquired by a fund managed by the private equity group of Ares Management Corp., with the existing executive team retaining a significant equity stake; the prior PE backer was Audax Group. Financial terms were undisclosed.

“CoolSys™ was acquired by a fund managed by the private equity group of Ares Management Corp. CoolSys will continue to operate under its current executive team, which will collectively maintain a significant equity investment in the company. Financial terms of the private transaction were not disclosed.”

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